Describe How You Would Adopt a Balanced Score Card Approach

question 6

Essay

Describe how you would adopt a balanced score card approach to evaluate your project performance.Your response should identify specific measures you would use as well as the approach you would take to obtain the measures you identify.

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Definitions:

Line-By-Line Method

An accounting technique used in consolidation, where the parent company combines each item of the subsidiary's financial statements with its own, item by item.

Fair Value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Carrying Amount

The amount at which an asset or liability is recognized in the balance sheet after deducting accumulated depreciation, impairment, and amortization.

Building

A structure with walls and a roof, such as a house or factory, intended for use or occupancy.